SEC, FINRA, DOL Enforcement Roundup: Investing Website Exposed as $600M Scam
By Marlene Y. SatterA CEO who fed inside tips to a pro baseball player and an investment website running a $600 million Ponzi scheme were among those charged by the SEC recently.
August 22, 2012
Fiduciary Rule Could Be Years Away: Industry ExpertsKnut Rostad, president of the Institute for the Fiduciary Standard, told AdvisorOne on Wednesday that regulators will most likely "continue to punt" the fiduciary issue.
August 21, 2012
Ron Rhoades’ Exit From NAPFA Shocks Fee-Based Advisor WorldIn a self-punishing mea culpa, Rhoades said he was stepping down from the NAPFA chairmanship after discovering that he had committed a violation as chief compliance officer of his firm.
August 21, 2012
Big Shift at FPA: Tuttle Steps Down, COO Schadle Steps UpAs CEO Marv Tuttles planned resignation is moved up, top deputy and FPA veteran Lauren Schadle will assume the top spot in October.
August 20, 2012
NAPFA Chair-Elect Ron Rhoades Steps Down Due to Compliance ErrorNAPFA Chair-Elect Ron Rhoades said late Monday that he is stepping down from his appointment.
August 20, 2012
CFP Board Floats Big Increase in CE Hours, Adding Practice ManagementFollowing a six-month review of its current continuing education requirements, the Board proposes significant changes for CFPs.
August 20, 2012
HighTower Grabs $1 Billion Credit Suisse TeamMatt Dillig and Ted Bowen had worked for Credit Suisse since 2008 and previously were part of Merrill Lynchs Private Banking and Investment Group.
August 17, 2012
Olivia Mitchell, Kent Smetters, Others Reveal Holes in Retirement AdviceSurveys show millions of people want to discuss retirement with a professional advisor. But a forthcoming book edited by Olivia Mitchell and Kent Smetters points to barriers to advice in the retirement marketplace.